Nonsense Ratings

I have to say a Neutral or Hold rating is the most useless rating on the Street. You are either a buyer or a seller in my view. Every time we look at a position, we are assessing it -- do we want to buy it, sell it or hold our position? -- but that does not translate to ratings.

If you hold something and decide to continue to hold it, then you are making a decision not to sell. In other words, you are buying the position once again. Every time you look at a long and decide to hold, you are, in essence, making the decision it is worth owning more than cash or anything else. If you are short a stock, the opposite applies. Every week, every day, every hour, every minute you carry a position, you are either a buyer if long or a seller if short....369 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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